310 Lk St, Maywood, IL 60153-1628

This exceptional investment opportunity presents a thriving used car lot in Maywood, Illinois. Located at 310 Lake St, 60153, this property encompasses five parcels totaling a substantial area. The lot comfortably accommodates up to 75 vehicles and includes a sizable garage. In addition to the main lot, two additional buildings provide valuable office space and restrooms. Built in 1971, the property is classified as Class B and zoned B-3. The current annual net operating income (NOI) stands at $90,000, yielding a compelling 12.88% capitalization rate. The asking price is $698,888. This property offers significant potential for continued rental income or redevelopment to suit a variety of business ventures. The prime location and existing infrastructure make this a truly unique opportunity for investors seeking strong returns and diverse operational possibilities. Don't miss this chance to acquire a well-established business with substantial income potential and significant upside.